What Does OBO Mean?

Nowadays, almost everyone lives their lives in a fast paced manner which means if there is a way to shortcut things, we will do it in a short cut manner. This way we could finish and do everything fast. In fact, even when we are talking or chatting with our friends, we would cut short some words which would save us time and effort. One word that has been cut short is Or Best Offer (OBO).

What Does OBO mean?

OBO is an acronym that is used in advertisements or marketplace. It basically means that the person is selling something and that person is good with accepting less money than normal. In other words, the item that is being sold would be sold in a bidding manner. For example, if you are looking for a chair, you will see prices such as $50 obo. You will be able to haggle with the price and you could ask the seller to reduce the amount. Do not be shy in asking for a lesser amount as with the seller putting in the acronym, OBO means that the seller is expecting for buyers to haggle the price lower.

This acronym could be found on online marketplaces such as eBay, Craigslist, Poshmark, Facebook Marketplace of Depop.

OBO on Craigslist

Craigslist is a very popular website where you could find classified ads of different items and jobs. OBO is often used here in this site. It is a term used in ads which would notify buyers that the price could be negotiated lower than what is listed on the advertisements. Though this is the case, we suggest that you do not offer too low price as the seller might not offer you the item.

OBO when buying a car

Purchasing a car could cost huge amount. However, if you find OBO on its advertisement, this means, the seller could accept an offer which is lesser than the price that is advertised or quoted. Keep in mind that Or Best Offer does not always mean the highest. However, if you are the highest bidder, the item could be sold to you.